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Author Topic: 🌟🌟🌟🌟🌟🌟 ChronoBank ICO is over! 🌟🌟🌟🌟🌟🌟  (Read 172143 times)
Gutembergin
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November 29, 2016, 12:09:45 AM
 #741

okay that is good news, I think it was a very long time to launch until February 2017 Smiley just wait and buy them on the site later trading


Fair strategy, there would not be any bonuses though:( Like 30% reward on the first day of ICO

No bonus and btc price will be much higher by end of sale. Everyone different but for me early buy makes most sense.

Wouldn't that mean that buying at the end means you'll end up with more coins.
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November 29, 2016, 12:31:45 AM
 #742


No bonus and btc price will be much higher by end of sale. Everyone different but for me early buy makes most sense.

Wouldn't that mean that buying at the end means you'll end up with more coins.

TIME price is at 0.01BTC each no matter BTC price.

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November 29, 2016, 12:39:05 AM
 #743


No bonus and btc price will be much higher by end of sale. Everyone different but for me early buy makes most sense.

Wouldn't that mean that buying at the end means you'll end up with more coins.

TIME price is at 0.01BTC each no matter BTC price.


My mistake. I must have skipped that part or been on autoread. Now it makes much more sense to invest now.
Thanks dude.
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November 29, 2016, 12:45:15 AM
 #744


TIME price is at 0.01BTC each no matter BTC price.


My mistake. I must have skipped that part or been on autoread. Now it makes much more sense to invest now.
Thanks dude.

Absolutely. I am bullish on BTC so i expect it to go up a lot though.

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November 29, 2016, 01:10:11 AM
 #745

Why time token is so expensive? ETH was 0.0005 btc for ICO price, they raised 30000 btc, time is too expensive, I doubt the project will raise 500 btc or more. One more question, if fund is less than 500, so you will consider the ico aborted and refund investors?

Lol, how can something be expensive if everyone is buying at the same price?
Having 1'000'000'000'000 coins at 1 sat or 1'000'000 at 0.01 is the same but the second solution is quite more elegant.

At last a good explanation.
If 1 TIME is too expensive for anyone he/she can buy 0.01 TIME or less.

I think They have their private reasons about that . Do not worry about that

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November 29, 2016, 01:14:51 AM
 #746

Why time token is so expensive? ETH was 0.0005 btc for ICO price, they raised 30000 btc, time is too expensive, I doubt the project will raise 500 btc or more. One more question, if fund is less than 500, so you will consider the ico aborted and refund investors?

Lol, how can something be expensive if everyone is buying at the same price?
Having 1'000'000'000'000 coins at 1 sat or 1'000'000 at 0.01 is the same but the second solution is quite more elegant.

At last a good explanation.
If 1 TIME is too expensive for anyone he/she can buy 0.01 TIME or less.

I think the price should be 0.001btc for 1 time. it will attract more investors to join this project
so Chronobank managers should give an explain why Time is set up at the price of 0.01btc?

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November 29, 2016, 01:49:13 AM
 #747

Why time token is so expensive? ETH was 0.0005 btc for ICO price, they raised 30000 btc, time is too expensive, I doubt the project will raise 500 btc or more. One more question, if fund is less than 500, so you will consider the ico aborted and refund investors?

Lol, how can something be expensive if everyone is buying at the same price?
Having 1'000'000'000'000 coins at 1 sat or 1'000'000 at 0.01 is the same but the second solution is quite more elegant.

At last a good explanation.
If 1 TIME is too expensive for anyone he/she can buy 0.01 TIME or less.


so Chronobank managers should give an explain why Time is set up at the price of 0.01btc?
It will take a lot of speculation, With the total supply 100.000.000 Time and the dev were offering 0.01 for each time token. It makes no sense in my mind. They have planned for selling up to 88% of total supply. Which means, the maximum milestones  880.000 BTC.
And I may think if the price of ICO depends on with the cap was reaching by crowd sale.
Is it possible was getting stable .01 for each token?

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November 29, 2016, 01:49:39 AM
 #748

Why time token is so expensive? ETH was 0.0005 btc for ICO price, they raised 30000 btc, time is too expensive, I doubt the project will raise 500 btc or more. One more question, if fund is less than 500, so you will consider the ico aborted and refund investors?

Lol, how can something be expensive if everyone is buying at the same price?
Having 1'000'000'000'000 coins at 1 sat or 1'000'000 at 0.01 is the same but the second solution is quite more elegant.

At last a good explanation.
If 1 TIME is too expensive for anyone he/she can buy 0.01 TIME or less.

I think the price should be 0.001btc for 1 time. it will attract more investors to join this project
so Chronobank managers should give an explain why Time is set up at the price of 0.01btc?

We pondered over it a lot actually!

The price could be 0.01, 0.001, 0.0001, 0.00001

We made a poll on Twitter and potential investors voted for 100 TIME per BTC

We want to compete with Bitcoin price sooner or later  Wink


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November 29, 2016, 01:49:57 AM
 #749


TIME price is at 0.01BTC each no matter BTC price.


My mistake. I must have skipped that part or been on autoread. Now it makes much more sense to invest now.
Thanks dude.

Absolutely. I am bullish on BTC so i expect it to go up a lot though.

I think everyone's bullish on btc right now. That's why most alts are in the read. Well, most established alts.

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November 29, 2016, 01:55:40 AM
 #750

price ico token  extremely expensive. Hope  can be successful at launch

I do not think like this. The price is decided by The Market and the initial price is based on the potential and big co-founders of this project .
you can look at this link http://www.newsbtc.com/2016/11/28/chronobank-time-tokens-payouts-ico-investors

Quote
ChronoBank currently has plans to peg the Labor Hour tokens to four major fiat currencies — United States dollar, Australian dollar, euro, and pound sterling. The stable cryptocurrency, to be used for paying employees over ChronoBank network eliminates the concerns of employees being left shortchanged due to fall in the value of cryptocurrency at any point of time. The Labor Hour tokens will be supported by Ethereum, Waves and NEM blockchains.

Investors participating in the upcoming Time token crowd sale will be eligible for 0.15% of all the transaction fees received by the network. In addition, Time token holders will also receive rewards for every new Labor Hour token created on the platform. The rewards offered by the platform will progressively decrease as the number of transactions increase.

ICO investors holding Time tokens will receive an issuance fee of 3%, 2% and 1% during the years 2017, 2018 and 2019 respectively.  On the long run, investing in ChronoBank ICO is an attractive option as the platform is definitely going to grow. The ChronoBank project is being backed by Edway Group Limited — which is also one of the co-founders of the project. Edway Group is a leading Australian firm working in the recruitment sector for over 100 years. The industry expertise and contacts leveraged through this partnership are definitely going to increase ChronoBank’s adoption among some of the well-known firms across the world in no time.

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November 29, 2016, 02:07:23 AM
 #751

It will take a lot of speculation, With the total supply 100.000.000 Time and the dev were offering 0.01 for each time token. It makes no sense in my mind. They have planned for selling up to 88% of total supply. Which means, the maximum milestones  880.000 BTC.
And I may think if the price of ICO depends on with the cap was reaching by crowd sale.
Is it possible was getting stable .01 for each token?

Total supply IS NOT 100.000.000!  Where did you get this number?

Total supply = amount of tokens sold + 12% reserve

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November 29, 2016, 02:09:47 AM
 #752

price ico token  extremely expensive. Hope  can be successful at launch

I do not think like this. The price is decided by The Market and the initial price is based on the potential and big co-founders of this project .
you can look at this link http://www.newsbtc.com/2016/11/28/chronobank-time-tokens-payouts-ico-investors

Quote
ChronoBank currently has plans to peg the Labor Hour tokens to four major fiat currencies — United States dollar, Australian dollar, euro, and pound sterling. The stable cryptocurrency, to be used for paying employees over ChronoBank network eliminates the concerns of employees being left shortchanged due to fall in the value of cryptocurrency at any point of time. The Labor Hour tokens will be supported by Ethereum, Waves and NEM blockchains.

Investors participating in the upcoming Time token crowd sale will be eligible for 0.15% of all the transaction fees received by the network. In addition, Time token holders will also receive rewards for every new Labor Hour token created on the platform. The rewards offered by the platform will progressively decrease as the number of transactions increase.

ICO investors holding Time tokens will receive an issuance fee of 3%, 2% and 1% during the years 2017, 2018 and 2019 respectively.  On the long run, investing in ChronoBank ICO is an attractive option as the platform is definitely going to grow. The ChronoBank project is being backed by Edway Group Limited — which is also one of the co-founders of the project. Edway Group is a leading Australian firm working in the recruitment sector for over 100 years. The industry expertise and contacts leveraged through this partnership are definitely going to increase ChronoBank’s adoption among some of the well-known firms across the world in no time.


That is a very solid article and I agree with what you are saying entirely as well. That being said, there is one inaccuracy in that article being fixed shortly. This line:

Quote
Edway Group is a leading Australian firm working in the recruitment sector for over 100 years.

Should be:

Quote
Edway Group is a leading Australian firm working in the recruitment sector, with a team that has more than 100 years of combined relevant experience.

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November 29, 2016, 02:19:22 AM
 #753

Let me preface this by saying this is not fud.

Time gains % of whatever is collected by labor. Multi collection of ico funding in steps. So time investors are earning some % from future investors who purchase during the labor portion. That comes off as a bit Ponzi. I'm kinda surprised if no one has mentioned that. It may be in the project interest to alter that a bit. Just my 2 pennies.

It's entirely possible I misunderstood this part of the whitepaper.

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November 29, 2016, 02:56:25 AM
 #754

Let me preface this by saying this is not fud.

Time gains % of whatever is collected by labor. Multi collection of ico funding in steps. So time investors are earning some % from future investors who purchase during the labor portion. That comes off as a bit Ponzi. I'm kinda surprised if no one has mentioned that. It may be in the project interest to alter that a bit. Just my 2 pennies.

It's entirely possible I misunderstood this part of the whitepaper.
I think you have some mistakes. just go to this link http://www.newsbtc.com/2016/11/28/chronobank-time-tokens-payouts-ico-investors
The ICO launching does not still start, guy.

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November 29, 2016, 03:02:12 AM
 #755

Let me preface this by saying this is not fud.

Time gains % of whatever is collected by labor. Multi collection of ico funding in steps. So time investors are earning some % from future investors who purchase during the labor portion. That comes off as a bit Ponzi. I'm kinda surprised if no one has mentioned that. It may be in the project interest to alter that a bit. Just my 2 pennies.

It's entirely possible I misunderstood this part of the whitepaper.

Hello and thank you for your interest! After the Crowd-sale is over, TIME investors earn from users, not from future investors. There are no future TIME investors. There is just the one Crowd-sale. 

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November 29, 2016, 03:23:12 AM
 #756

Users such as freelancers will earn TIME as fee from employers, right?
Will the Laborx be like a jobsite where a professional can showcase their portfolio and previous works or jobs to win a job and that they would need to bid?

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November 29, 2016, 04:10:32 AM
 #757

Why time token is so expensive? ETH was 0.0005 btc for ICO price, they raised 30000 btc, time is too expensive, I doubt the project will raise 500 btc or more. One more question, if fund is less than 500, so you will consider the ico aborted and refund investors?

Lol, how can something be expensive if everyone is buying at the same price?
Having 1'000'000'000'000 coins at 1 sat or 1'000'000 at 0.01 is the same but the second solution is quite more elegant.

At last a good explanation.
If 1 TIME is too expensive for anyone he/she can buy 0.01 TIME or less.


so Chronobank managers should give an explain why Time is set up at the price of 0.01btc?
It will take a lot of speculation, With the total supply 100.000.000 Time and the dev were offering 0.01 for each time token. It makes no sense in my mind. They have planned for selling up to 88% of total supply. Which means, the maximum milestones  880.000 BTC.
And I may think if the price of ICO depends on with the cap was reaching by crowd sale.
Is it possible was getting stable .01 for each token?

880k btc? Don't dream guys, your project may raise 800 or 3k btc, even can toughly raise 8k btc, 880k is too greedy target. Why every ico team nowadays is money money, unrealistic target? inchain 2600 btc, ark 2000 btc, wow you guys think money is free?

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November 29, 2016, 04:14:39 AM
 #758


880k btc? Don't dream guys, your project may raise 800 or 3k btc, even can toughly raise 8k btc, 880k is too greedy target. Why every ico team nowadays is money money, unrealistic target? inchain 2600 btc, ark 2000 btc, wow you guys think money is free?

Hello and thank you for your interest! The post you quoted is incorrect, the co-founder replied to it already:


Total supply IS NOT 100.000.000!  Where did you get this number?

Total supply = amount of tokens sold + 12% reserve


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November 29, 2016, 04:42:24 AM
 #759

It is really good project.

But I am some worried point.

"there is no limit ICO fund raising"

If the number of time token is too large

then, the interests from LX is too small for

time token holders.

It could drive the price of time go down.


How do you think this problem?


From wan.

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November 29, 2016, 04:44:47 AM
 #760

Why time token is so expensive? ETH was 0.0005 btc for ICO price, they raised 30000 btc, time is too expensive, I doubt the project will raise 500 btc or more. One more question, if fund is less than 500, so you will consider the ico aborted and refund investors?

Lol, how can something be expensive if everyone is buying at the same price?
Having 1'000'000'000'000 coins at 1 sat or 1'000'000 at 0.01 is the same but the second solution is quite more elegant.

At last a good explanation.
If 1 TIME is too expensive for anyone he/she can buy 0.01 TIME or less.


so Chronobank managers should give an explain why Time is set up at the price of 0.01btc?
It will take a lot of speculation, With the total supply 100.000.000 Time and the dev were offering 0.01 for each time token. It makes no sense in my mind. They have planned for selling up to 88% of total supply. Which means, the maximum milestones  880.000 BTC.
And I may think if the price of ICO depends on with the cap was reaching by crowd sale.
Is it possible was getting stable .01 for each token?

880k btc? Don't dream guys, your project may raise 800 or 3k btc, even can toughly raise 8k btc, 880k is too greedy target. Why every ico team nowadays is money money, unrealistic target? inchain 2600 btc, ark 2000 btc, wow you guys think money is free?

880k btc is almost impossible. Even the dao did not come close to that.

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